MySpace Lays Off 30%

myspace-lay-offs.jpeg About 500 employees were slashed from MySpace's company roll call, CNET reported today. "Simply put, our staffing levels were bloated and hindered our ability to be an efficient and nimble team-oriented company," Owen Van Natta, CEO of the News Corp.-owned social site, said in a release. "I understand that these changes are painful for many. They are also necessary for the long-term health and culture of MySpace. Our intent is to return to an environment of innovation that is centered on our user and our product." Van Natta was hired in April and used to be the Chief Operating Officer at Facebook. MySpace will continue to employ around 1,000 people in the U.S.

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Comments (8) [rss]

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Might be my age, but I never understood Myspace.. Facebook, i get. Not Myspace.

Then your age must be 15?

Sorry, myspace I can figure out. I know how to use Dreamweaver, but Facebook still confuses me. If I want to send out an event invitation, it takes me 10 minutes to find out how. Every time.

Now if you'll excuse me, I need to take my back pill and go lay down before hitting up the early bird special...

It's dangerous to make generalizations, but I always thought the myspace vs. facebook divide was more along class and education lines, not age.

http://www.brandrepublic.com/Digital/News/666623/MySpace-Facebook-emphasise-socio-economic-divide/

and here i thought

myspace:
is for
band promotion
and hookuPs.

facebook:
is for business/political promotion
and passive college reunion fascimiles.

; )

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